Mortgage Loan Closer Job Louisville area,Kentucky USA,Finance & Banking

Job Description

Job Description

Job Summary: Close mortgage loans or special product loans ensuring compliance with company, secondary market and regulatory requirements in a timely manner. Act as a liaison between members, buyers, title companies, internal and external partners.

All job positions at 7 17 Credit Union may be assigned further duties with or without notice, verbally or in writing. Essential duties and responsibilities include the following.

Primary Duties

Ensure application and loan documentation is complete and accurate for product type.

Prepare error-free closing documents for signing to ensure loan is closed in compliance with company and regulatory requirements.

Review title insurance reports and resolve any discrepancies.

Generate compliant Closing Disclosure within required time frames to meet purchase contract expiration date and accurately calculate final closing costs.

Communicate with all parties involved in the transaction including but not limited to Applicant/Member, Underwriter, Branch Staff, vendors, partners and Title Company.

Schedule and coordinate loan closing between title company and borrower.

Accurately enter loan information into Loan Origination system.

Accurately on-board loans to the core system.

Ensure receipt of final signed loan package from title company in a timely manner.

Complete monthly construction loan billing and conversion to end-loan upon completion of construction.

Keep informed of current trends in real estate lending and regulations.

Meet individual and department goals.

Assist in development of training materials and maintenance of job process and procedures on company intranet.

Assist in delivery of sold loans to investor and sub‑servicer.

Assist with tasks associated with mortgage loan servicing including but not limited to escrow, ARM changes, annual notices, payment corrections, logging receipt of recorded mortgages and final title policies and help desk tickets.

Identify and resolve discrepancies or issues with closing process or documents.

Secondary Duties

Backs up other Real Estate Lending positions, including but not limited to Mortgage Loan Servicing and Secondary Market Coordinator.

Confidentiality Requirements

Must keep members' transactions and other Credit Union business in strictest confidence.

Travel Demands

Limited to local area.

Prerequisite Education

High school diploma or equivalent

Prerequisite Experience

With in the last five year, must have 18 months experience preparing closing documents or underwriting real estate loans that are saleable on the secondary market.

Excellent communication skills.

Deep understanding of real estate loan regulations and secondary market guidelines.

Strong PC, typing, Microsoft Excel and Word skills.

Meticulous attention to detail.

Knowledge of Byte LOS a plus.

Other Prerequisite Requirements of the Position

Must obtain an acceptable score on an Excel assessment.

Required knowledge, skills, and abilities once in the job

Customer service attitude and skills to include:
Team player attitude, commitment, patience, enthusiasm, creativity, listening, comprehension, initiative, cooperation, attention to detail, resourcefulness.

Professionalism to include:
Confidence, good judgment, appropriate demeanor and appearance; ability to interact with employees and members.

Skills to include:
Problem solving, decision making, time management, interpersonal communications, organization.

Must be able to maintain extensive contact with members an